Nevada § 349.765 - Guaranteed funding provided to participating financial institution: Limitation on amount; finding of Director of necessity for funding; term of and interest on loan to exporter
Full text of Nevada Nevada Revised Statutes § 349.765 — Guaranteed funding provided to participating financial institution: Limitation on amount; finding of Director of necessity for funding; term of and interest on loan to exporter, with citation guidance and answers to common questions.
§ 349.765. Guaranteed funding provided to participating financial institution: Limitation on amount; finding of Director of necessity for funding; term of and interest on loan to exporter
1. The Director may provide guaranteed funding to a participating financial institution
that is providing the financing for an eligible transaction, but the amount of this
funding is limited to 90 percent of the principal of the loan made to the exporter.
The exporter must insure or obtain a guarantee against nonpayment on the loan resulting
from a loss. The maximum amount payable under any guarantee must be specifically set forth in a
writing signed by the Director. 2. The Director shall not agree to provide guaranteed funding unless he or she finds
that the guaranteed funding is reasonably necessary to stimulate or facilitate: (a) The making of a loan for an eligible transaction; or (b) The financing of an eligible transaction by a participating financial institution
or other private source that is not otherwise able to finance it. 3. The money provided by the Director to the participating financial institution to
guarantee the financing of an eligible transaction must be re-lent to the exporter
by the participating financial institution for a term no shorter than and at a rate
of interest no higher than that fixed by the Director, excluding any usual and customary
fees and charges for lending and the fee provided for in subsection 3 of NRS 349.785 . 4. The Director may condition the allowance of guaranteed funding upon such other
terms and conditions as he or she determines to be desirable.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 349.765
What does Nevada Revised Statutes § 349.765 cover?
Section 349.765 ("Guaranteed funding provided to participating financial institution: Limitation on amount; finding of Director of necessity for funding; term of and interest on loan to exporter") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 349.765?
A common citation format is "Nevada Revised Statutes § 349.765" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 349.765 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.